The Assistant Commissioner v. M/S Shriram Chits Tamilnadu
Case brief
What is this about?
TCA 270 & 271 of 2012; Assistant Commissioner of Income Tax Chennai v Shriram Chits Tamilnadu Pvt Ltd; Madras High Court; dismissed as withdrawn; low tax effect; Circular No.9 of 2024 dated 17.09.2024; Section 260A Income-Tax Act 1961; ITAT Madras D Bench ITA Nos.1660 & 1661/Mds/2011 dated 30.03.2012; assessment years 2003-04 and 2006-07; questions of law left open; no costs; bench: Dr. Justice Anita Sumanth (author) and Justice Mummineni Sudheer Kumar; advocates: Mr.J.Narayanaswamy (Senior Standing Counsel, appellant) and Mr.R.Sivaraman (respondent); neutral citation 2025:MHC:2841; decision date 11-12-2025.
What did the court decide?
Prayer of the appellant/Department to withdraw the appeals on account of low tax effect (per Circular bearing No.9 of 2024 dated 17.09.2024) accepted; appeals dismissed as withdrawn, questions of law left open, no costs.